Sub-Saharan Africa’s economy remains resilient despite geopolitical tensions, climate shocks, declining development assistance, and fiscal pressures.
At the 81st UNGA in New York, Foreign Minister Sergey Lavrov reiterated unreservedly Russia's objection to South Africa's exclusion from the G20 summit,
Africa must strengthen its capacity to deliver the payment systems, efficient borders and infrastructure that businesses need to benefit from the African Continental Free Trade Area (AfCFTA), Mr Wamkele Mene, Secretary-General of the AfCFTA Secretariat, told project professionals at Project Management Institute’s Global Summit Series in Cape Town.
African countries are being urged to strengthen parliamentary scrutiny of government borrowing before new debt is contracted, as the continent seeks to shift from managing debt crises to preventing unsustainable borrowing in the first place.
Governments, scientists, NGOs, conservationists, and financial institutions today signed the Nairobi Flyways Declaration, an unprecedented commitment to coordinated protection of migratory routes across borders, alongside more than $6 billion in conservation finance being mobilised by three multilateral banks since 2021.
Africa will need dedicated financing mechanisms to scale electric mobility (e-mobility) and build the charging and power infrastructure required to support it, experts have said.
With geopolitical situation heightening, the world's players are strategically expressing their interest in Africa, and African countries are also choosing their development partners.
Get the latest africa news delivered to your inbox.
